42 Attorneys General Demand Surgeon General Warnings On Social Media In a move that's undoubtedly going to be used to...
Read More
Industrial Production Disappoints, Manufacturing Contracts As Downward Revisions Continue
US industrial production was unchanged MoM in April (weaker than the modest 0.1% increase expected) and following a downward revision in March from +0.4% to +0.1% MoM. The downward revision and weak print left IP down 0.4% YoY…
Source: Bloomberg
11 of the last 13 months have seen negative downward revisions to Industrial Production…
Source: Bloomberg
Capacity Utilization fell further to 78.4%…
Source: Bloomberg
Manufacturing was even worse with a 0.3% decline MoM (worse than expected) dragging production down 0.5% YoY…
Source: Bloomberg
Not exactly the 4.0% GDP-inspiring data many had hoped for.
Tyler Durden
Thu, 05/16/2024 – 09:26
